Millennials, Gen Z are job-hopping, but contrary to popular belief, maybe not enough
4 Aug 2021
Workers have been job hopping in the hopes of attaining better pay and career mobility in the uncertain Covid-19 economy, and it is a trend that millennials and Gen Z are expected to dominate again in 2021.
One in four workers plan to switch jobs this year, an increased pace compared to last year. Of the one in five workers who switched jobs last year, 33% identified as Gen Z and 25% as millennial, according to a new study from IBM’s Institute for Business Value.
Gallup identifies millennials as the most likely among generations to switch careers and suggests that six in ten millennials are open to new job opportunities. But the idea that millennials and Gen Z created this trend is a common misconception. Every generation job hops in their youth in the search for the right career fit, and some data suggests that millennials are job hopping at a slower rate than their previous generational counterparts at the same age.